Clear Harbor Asset Management LLC Has $36.28 Million Stock Position in Parker-Hannifin Corporation $PH

Key Points

• Clear Harbor Asset Management LLC has reduced its holdings in Parker-Hannifin by 12.7%, making it the firm's 6th largest position, valued at approximately $36.3 million.
• Parker-Hannifin reported a quarterly earnings per share (EPS) of $7.69, exceeding analysts' expectations, and has set a FY 2026 guidance of 28.400-29.400 EPS.
• The company recently announced a quarterly dividend of $1.80 per share, equating to an annual yield of 1.0% and a payout ratio of 26.55%.

Clear Harbor Asset Management LLC lowered its holdings in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) by 12.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 51,941 shares of the industrial products company's stock after selling 7,574 shares during the period. Parker-Hannifin comprises 2.7% of Clear Harbor Asset Management LLC's holdings, making the stock its 6th largest holding. Clear Harbor Asset Management LLC's holdings in Parker-Hannifin were worth $36,279,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Cascade Financial Partners LLC grew its holdings in shares of Parker-Hannifin by 3.1% during the first quarter. Cascade Financial Partners LLC now owns 498 shares of the industrial products company's stock valued at $303,000 after buying an additional 15 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its stake in Parker-Hannifin by 0.8% during the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,814 shares of the industrial products company's stock valued at $1,103,000 after acquiring an additional 15 shares in the last quarter. Empowered Funds LLC grew its stake in Parker-Hannifin by 0.5% during the first quarter. Empowered Funds LLC now owns 2,894 shares of the industrial products company's stock valued at $1,759,000 after acquiring an additional 15 shares in the last quarter. Sivia Capital Partners LLC grew its stake in Parker-Hannifin by 3.6% in the 2nd quarter. Sivia Capital Partners LLC now owns 430 shares of the industrial products company's stock worth $300,000 after buying an additional 15 shares in the last quarter. Finally, Nicolet Advisory Services LLC boosted its stake in shares of Parker-Hannifin by 3.5% in the 1st quarter. Nicolet Advisory Services LLC now owns 468 shares of the industrial products company's stock valued at $262,000 after purchasing an additional 16 shares in the last quarter. Institutional investors own 82.44% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on PH shares. Barclays upped their target price on shares of Parker-Hannifin from $750.00 to $776.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. Citigroup restated a "buy" rating and set a $831.00 target price (up previously from $709.00) on shares of Parker-Hannifin in a research note on Monday, July 14th. Evercore ISI restated an "outperform" rating on shares of Parker-Hannifin in a research report on Tuesday, August 19th. Cowen reaffirmed a "hold" rating on shares of Parker-Hannifin in a research note on Friday, August 29th. Finally, KeyCorp upped their price objective on shares of Parker-Hannifin from $790.00 to $810.00 and gave the stock an "overweight" rating in a research note on Friday, August 8th. Thirteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $770.94.

Parker-Hannifin Trading Up 0.7%

Shares of NYSE:PH traded up $5.06 during midday trading on Monday, reaching $760.74. 414,759 shares of the company's stock were exchanged, compared to its average volume of 589,432. The stock has a market cap of $97.21 billion, a price-to-earnings ratio of 28.05, a P/E/G ratio of 3.13 and a beta of 1.35. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.19 and a quick ratio of 0.71. The firm's 50 day simple moving average is $741.46 and its two-hundred day simple moving average is $673.22. Parker-Hannifin Corporation has a fifty-two week low of $488.45 and a fifty-two week high of $779.77.

Parker-Hannifin (NYSE:PH - Get Free Report) last posted its earnings results on Thursday, August 7th. The industrial products company reported $7.69 earnings per share for the quarter, topping the consensus estimate of $7.08 by $0.61. The firm had revenue of $5.24 billion during the quarter, compared to analysts' expectations of $5.10 billion. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.The firm's revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $6.77 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. As a group, sell-side analysts forecast that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd were paid a $1.80 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $7.20 dividend on an annualized basis and a dividend yield of 0.9%. Parker-Hannifin's dividend payout ratio (DPR) is 26.55%.

Insider Activity

In related news, EVP Joseph R. Leonti sold 4,625 shares of Parker-Hannifin stock in a transaction on Monday, August 25th. The stock was sold at an average price of $750.84, for a total value of $3,472,635.00. Following the transaction, the executive vice president directly owned 13,878 shares in the company, valued at $10,420,157.52. The trade was a 25.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Matthew A. Jacobson sold 575 shares of Parker-Hannifin stock in a transaction on Friday, August 8th. The shares were sold at an average price of $733.06, for a total value of $421,509.50. Following the sale, the vice president directly owned 1,000 shares of the company's stock, valued at approximately $733,060. The trade was a 36.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,039 shares of company stock worth $10,356,566 over the last quarter. Corporate insiders own 0.39% of the company's stock.

Parker-Hannifin Profile

Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. The company operates through two segments: Diversified Industrial and Aerospace Systems. The Diversified Industrial segment offers sealing, shielding, thermal products and systems, adhesives, coatings, and noise vibration and harshness solutions; filters, systems, and diagnostics solutions to ensure purity and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors used in fluid and gas handling; and hydraulic, pneumatic, and electromechanical components and systems for builders and users of mobile and industrial machinery and equipment.